AUD380/t with unit costs of AUD113/t last quarter. At that rate, and assuming 2.4Mt sold in next 12 months, that is earnings of ~AUD650M. Almost exactly current market cap.
As of mar 31, cash + receivables = $330M => EV AUD300. EBITDA/EV = ~0.5.
Also pellet stockpile of 180,000t, worth AUD68M at current rate.
Nuts, just nuts. I don't know that I've ever seen a relatively low risk business so undervalued.
Pellet Price, page-809
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Last
36.5¢ |
Change
-0.010(2.67%) |
Mkt cap ! $422.4M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 36.5¢ | $287.9K | 775.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 312080 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 35000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
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Last
36.8¢ |
Change
-0.010 ( 1.95 %) |
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| Open | High | Low | Volume | ||
| 37.5¢ | 38.0¢ | 36.8¢ | 246323 | ||
| Last updated 15.59pm 10/06/2024 ? | |||||
| GRR (ASX) Chart |